Another Strong Jobs Report Tests BoC's PatienceBy Scott WestlakeOctober 7, 20230 comments#jobs #economy #mortgagerates #sherrycooper Canadian employment rose by a whopping 63,800 in September, tripling market expectations. The underlying data put the strong job growth into perspective. Most of the gains in overall ...Read more...
The Long-Awaited Labour Market SlowdownBy Scott WestlakeAugust 5, 20230 comments#jobs #economy #mortgagerates #sherrycooper The Canadian economy shed 6,400 jobs in July, far weaker ...Read more...
Bank of Canada Not Happy With Another Strong Jobs ReportBy Scott WestlakeApril 7, 20230 comments#inflation #boc #interestrates #jobs This morning’s Jobs Report was again solid. Job creation, though more tempered than in earlier months, is still robust. The unemployment rate remained at 5.0% for the fourth ...Read more...
Canadian Labour Market Jeopardizes Rate PauseBy Scott WestlakeMarch 13, 20230 comments#economicupdate #realestateprices #boC #jobs Today's Labour Force Survey (LFS) for February was much stronger than expected, questioning how long the Bank of Canada's rate pause can last. Following the 150,000 ...Read more...
Red Hot Labour Market Despite Rate HikesBy Scott WestlakeFebruary 10, 20230 comments#economicupdate #realestateprices #boC #jobs Today's Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long the Bank of Canada's rate pause will last. This report ...Read more...
Little Comfort for the Bank of Canada in Today's Jobs ReportBy Scott WestlakeDecember 5, 20220 comments#BoC #interestrate #variablerate #bankofcanada #mortgagerate #jobs Today's Labour Force Survey for November will do little ...Read more...
Canadian Labour Market Is Much Too Tight--Adds To Inflation PressureBy Scott WestlakeJune 15, 20220 comments#labour #jobs #economy Today's Labour Market Survey for May 2022 showed that hiring continued at a rapid pace last month in an increasingly tight labour market, driving the jobless rate to another record ...Read more...
Labour Market Bumps Up Against Capacity ConstraintsBy Scott WestlakeMay 6, 20220 comments#jobs #jobsmay2022 Job vacancies abound in many sectors, yet employers have trouble finding workers to fill those jobs and retaining workers with so many options available. As the jobless rate falls ...Read more...
Canada Reached Full-Employment in FebruaryBy Scott WestlakeMarch 15, 20220 comments#employment #jobs Statistics Canada released the February Labour Force Survey this morning, reporting a much more significant than expected 336,600 net new jobs, with the unemployment rate falling ...Read more...
Blockbuster September Jobs Report--Further Fuel For Rising Interest RatesBy Scott WestlakeOctober 8, 20210 comments#SW #TWT #DLC #marketupdate #jobs #interestrates For more information on how this information impacts your next mortgage, connect with our team scott@thewestlaketeam.com Statistics Canada released the September Labour ...Read more...